Income Insurance awards $3b real estate mandate

Singapore-headquartered Income Insurance, previously NTUC  Income, has handed over management of the company’s existing $3billion real estate portfolio to CBRE Investment Management under an investment management agreement. Income Insurance’s portfolio includes direct and indirect holdings across the Asia Pacific, North America and Europe, Middle East and Africa. CBRE IM has taken responsibility of the mandate from 1 January, 2023, following an extensive pitch process, the compa…